FOREX TIP: Begin with small sums, increase the size of your account through organic gains, not by greater deposits.

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When entering the market, you should not only set the maximum loss, but also set the minimum profit which you want to earn. In most common and best trading strategies the profit to possible loss proportion should not be lower than 2 to 1. It is very infrequent to use a strategy, which effectiveness does[…]

You are almost anonymous on the international foreign exchange market. So are your trading decisions. Every single deal should be treated like an independent event, unless the string of deals is a part of your strategy. Since the psyche of the trader affects the efficiency of trading to a huge degree, it is important to[…]

Forex market, from the trader’s viewpoint, is a very challenging market. Every piece of information can have huge influence on the currencies’ exchange rates. The exchange rates often change unexpectedly and rapidly so the lack of a proper trading strategy dooms inexperienced traders to failure. In case of such a volatile market iron discipline is a[…]